Indian Property Show expects to generate $54m business

Indian property developers expect to generate business worth $54 million during Indian Property Show scheduled from June 21-23, 2012 at Dubai World Trade Center.

Indian property developers hope for higher investments from expatriates after the relentless slide of the rupee against the US dollar and the dirham.

The three-day exhibition, the 10th edition of the show, will have over 70 developers displaying over 300 projects from across India.

Organised by Sumansa Exhibitions, Indian Property show will feature properties ranging from Rs0.8 million to Rs90 million and more while exhibiting diverse offerings of various developers from budget to luxury properties and exciting offers from developers.

With an expected footfall of 15,000 interested buyers, the show will have leading developers from India including Mantri Developers, Nirmal Lifestyle, Hiranandani, Ansal API, Ireo Pvt ltd, Amrapali , Brigade Group plus Investors Clinic-India’s leading real estate consultancy, Assetz Homes, Sobha Developers Ltd. and leading banks would also participate.

Sunil Jaiswal, CEO, Sumansa Exhibitions, said, “The magnitude of this exhibition has grown immensely and we are grateful to all our exhibitors, partners and visitors who have trusted this platform to be the best way of finding & selling properties. This year the focus has shifted on affordable properties as Union Budget has allowed external commercial borrowings which will allow liquidity to the builder. The homes are expected to be affordable on the outskirts of the tier 1 cities. At the same time property prices in metros and tier 1 cities are expected to go up due to additional burden of service tax and excise duty. The good news is that with recent reduction in interest rates home loans will be cheaper and depreciated rupee will tilt the balance in favour of NRI’s. The momentum of Indian property will be kept going on by NRI’s for whom the current scenario is conducive as long as investment in Tier 2 & 3 cities are concerned.”

Honey Katiyal of Investors Clinic, one of the prime exhibitors and sponsors of the show, said: “Indian Property show has been a spring board for us to establish ourselves as leading real estate agency for NRI’s in UAE. In just 6 months of our operation we have witnessed 20% increase in demand for Indian properties and have interacted with more than 1,000 NRI families. We strongly believe that the show will once again prove beneficial for us in attracting potential buyers. With rupee depreciating we expect lot of queries to be converted in actual sales especially for Delhi-NCR, Mumbai and Bangalore.”

The exhibition also features property and investment seminars by some of the most influential property industry gurus, international fund managers, and legal advisers. This year the seminars aim to guide the buyers on the booming real estate markets within India along with the benefits of investing now.

The seminar will further talk about the upcoming projects, infrastructural development that the cities will witness making them a lucrative option to invest. Some of the cities in focus are Mumbai, Pune, Bengaluru, Chennai, Gurgaon, Noida, Kochi etc. Ms. Padmaja Yadav will impart knowledge on role of vaastu in choosing properties, its implications etc as part of the famous vaastu seminars.